I started using Binance in 2022. Initially, I was unfamiliar with spot trading, futures trading, Unfortunately, I wasn't well-versed in risk management, particularly with futures trading. I leveraged my position 50x and ended up losing my all amount investment within 20-25 minutes. I received an alert message from Binance, but I didn't understand about the message. When I checked my account in binance I donโt see my money, and I try to contact support about my money and I said they stole my money. ๐คฃ Looking back, I realize I made a significant mistake by not educating myself properly about the risks management in futures trading. Binance is Great!! #HaveYouBinanced
Every time I buy, the market says โthanks for your liquidityโ ๐ So, whatโs the lesson? โข Donโt FOMO. Enter trades based on a plan, not emotion. โข Understand market cycles. Prices move in waves, and not every breakout is real. โข Be patient. Sometimes the best trade is no trade at all.
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